The big myth of government deficits
Government deficits have gotten a bad rap, says economist Stephanie Kelton. In this groundbreaking talk, she makes the case to stop looking at government spending as a path towards frightening piles of debt, but rather as a financial contribution to the things that matter -- like health care, education, infrastructure and beyond. "We have the resources we need to begin repairing our broken systems," Kelton says. "But we have to believe it's possible."
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About the speaker
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Stephanie Kelton is a leading authority on "Modern Monetary Theory," a new approach to economics that seeks to liberate global policymakers.
Stephanie Kelton | Public Affairs, 2020 | Book
An introduction to MMT aimed at a general audience. This book debunks six of the biggest myths that undermine prosperity. It focuses attention on the many real deficits in our economy and urges us to apply the MMT lens to solving many of our biggest challenges.
Stephanie Kelton | The New York Times, 2017 | Article
Deficits have gotten a bad rap. The truth is, every deficit is good for someone. The question is, for whom? And what are those deficits being used to accomplish?
Stephanie Kelton | The Intercept, 2020 | Article
"As Congress Pushes a $2 Trillion Stimulus Package, the 'How Will You Pay For It?' Question Is Tossed in the Trash"
COVID pulled back the curtain, revealing some important truths about what the government can afford and where it ‘found' trillions to support our economy during the pandemic.
L. Randall Wray | Palgrave Macmillan, 2015 | Book
An early primer on MMT that offers a thorough treatment of the core tenants of Modern Monetary Theory from one of its original scholars.
Stephanie Kelton | CNBC Video Explainer, 2019 | Watch
Stephanie Kelton | Milken Institute Review, 2021 | Article
A reprint from the New York Times best-selling book The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy.